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Fitch Downgrades Beckman Coulter on Cash, Credit Concerns

NEW YORK, June 6 (GenomeWeb News) - Fitch Ratings revised Beckman Coulter's rating outlook to "negative" from "stable" today, citing concerns about the company's cash-flow generation and credit profile.

 

The company's change in leasing policy, with customer contractual terms shifting to operating-type leases, will require a significant cash outlay for capitalizing customer equipment, the agency said. Stress on the company's credit profile would be "exacerbated" if the company continues its "shareholder-friendly" actions, Fitch said.

The Scan

Response Too Slow, Cautious

A new report criticizes the global response to the threat of the COVID-19 pandemic, Nature News reports.

Pushed a Bit Later

Novavax has pushed back its timeline for filing for authorization for its SARS-CoV-2 vaccine, according to Bloomberg.

AMA Announces Anti-Racism Effort

The Associated Press reports that the American Medical Association has released a plan to address systemic racism in healthcare.

Nucleic Acids Research Papers on miRMaster 2.0, MutationTaster2021, LipidSuite

In Nucleic Acids Research this week: tool to examine small non-coding RNAs, approach to predict ramifications of DNA variants, and more.